Artscapes company is setting its direct materials and direct labor standards for

Question

Artscapes company is setting its direct materials and direct labor standards for its leading product. Materials cost from the supplier are $4.50 per square foot, net of purchase discount. Freight-in amount to $0.10/square foot. Basic wages of the assembly line personnel are $12.00/hour. Payroll taxes are approximately 20% of wages. Benefits amount to $3.00/hr. How much is the direct material price standard (per square foot). ? A. $16.50/square foot B.$4.00/square foot C. $4.60/square foot D. $3.90/square foot

Explanation / Answer

direct material price standard (per square foot) C. $4.60/square foot

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